Covestro AG: Release according to Article 40, Section 1 of the WpHG (the
German Securities Trading Act) with the objective of Europe-wide distribution
EQS Voting Rights Announcement: Covestro AG
Covestro AG: Release according to Article 40, Section 1 of the WpHG (the
German Securities Trading Act) with the objective of Europe-wide
distribution
04.07.2024 / 13:00 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Notification of Major Holdings
1. Details of issuer
Name: Covestro AG
Street: Kaiser-Wilhelm-Allee 60
Postal code: 51373
City: Leverkusen
Germany
Legal Entity Identifier (LEI): 3912005AWHKLQ1CPLV11
2. Reason for notification
X Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:
3. Details of person subject to the notification obligation
Legal entity: Morgan Stanley
City of registered office, country: Wilmington, Delaware, United
States of America (USA)
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
28 Jun 2024
6. Total positions
% of voting % of voting rights Total of Total number of
rights attached through both in % voting rights
to shares instruments (total (7.a. + pursuant to
(total of 7.a.) of 7.b.1 + 7.b.2) 7.b.) Sec. 41 WpHG
New 0.43 % 4.56 % 4.99 % 189000000
Previo- 0.58 % 4.56 % 5.14 % /
us
notifi-
cation
7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
Direct (Sec. Indirect (Sec. Direct (Sec. Indirect
33 WpHG) 34 WpHG) 33 WpHG) (Sec. 34
WpHG)
DE0006062144 0 811502 0 % 0.43 %
Total 811502 0.43 %
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration Exercise or Voting Voting
or maturity conversion rights rights
date period absolute in %
Equity Call Option From at any time 1249300 0.66 %
19.07.2024
to
20.06.2025
Right of recall over at any time at any time 275636 0.15 %
securities lending
agreements
Total 1524936 0.81 %
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of Expiration Exercise or Cash or Voting Voting
instrument or maturity conversion physical rights rights
date period settlement absolute in %
Equity Put From at any time Physical 1600200 0.85 %
Option 19.07.2024
to
18.12.2026
Retail From at any time Cash 13863 0.01 %
Structured 16.03.2071
Product to
19.12.2073
Equity From at any time Cash 5486593 2.9 %
Swap 05.08.2024
to
22.04.2026
Total 7100656 3.76 %
8. Information in relation to the person subject to the notification
obligation
Person subject to the notification obligation is not controlled nor
does it control any other undertaking(s) that directly or
indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate
controlling natural person or legal entity:
Name % of voting % of voting rights Total of both
rights (if at through instruments (if (if at least
least 3% or at least 5% or more) 5% or more)
more)
Morgan Stanley % % %
Morgan Stanley % % %
Capital
Management, LLC
Morgan Stanley % % %
Domestic
Holdings, LLC
Morgan Stanley % % %
Capital
Services LLC
- % % %
Morgan Stanley % % %
Morgan Stanley % % %
Capital
Management, LLC
Morgan Stanley % % %
& Co. LLC
- % % %
Morgan Stanley % % %
Morgan Stanley % % %
International
Holdings Inc.
Morgan Stanley % % %
International
Limited
Morgan Stanley % % %
Investments
(UK)
Morgan Stanley % % %
& Co.
International
plc
- % % %
Morgan Stanley % % %
Morgan Stanley % % %
Capital
Management, LLC
Morgan Stanley % % %
& Co. LLC
Prime Dealer % % %
Services Corp.
- % % %
Morgan Stanley % % %
Morgan Stanley % % %
Capital
Management, LLC
Morgan Stanley % % %
Smith Barney
LLC
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34
para. 1 sent. 1 No. 6 WpHG)
Date of general meeting:
Holding total positions after general meeting (6.) after annual general
meeting:
Proportion of voting Proportion of Total of
rights instruments both
% % %
10. Other explanatory remarks:
The notification was triggered mainly due to a disposal of shares with
voting rights, in addition to a disposal of client securities over
which Morgan Stanley & Co. International plc had a right of use
Date
04 Jul 2024
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04.07.2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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Language: English
Company: Covestro AG
Kaiser-Wilhelm-Allee 60
51373 Leverkusen
Germany
Internet: www.covestro.com
End of News EQS News Service
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1939881 04.07.2024 CET/CEST